Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-12-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 27-12-2017
Mtechtips Dollar is weakening against Indian Rupee .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in SELL position.Positionally Immediate support for USDINR is 63.73.Resistance for the USDINR is 64.49-64.61-64.76-64.91-65.01-65.05-65.09- In medium term Dollar is relatively strengthening against Yen- Euro- Pound- In long term Dollar is relatively strengthening against Pound- Short term and Intraday Level of Dollar with Rupee Currently USDINR is in HOLD SHORT position USDINR is moving sideways with low volatality so short term investor better to buy if close above 64.28 close below 63.99 Sell will happen. The USDINR is now trading in highly oversold level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend-Intraday better to buy above 64.308 and Sell if below63.862
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